Averøy, 5 March 2026

Reference is made to Nordic Halibut AS ("Nordic Halibut" or the "Company") stock
exchange notice on 26 September 2021 regarding the Company's share option
program for management and certain key employees.

The Company has granted share options as follows:

Edvard Henden, CEO and primary insider of the Company, has been granted 50,000
share options. Prior to this grant, Edvard Henden held 150,000 share options and
50,000 shares in the Company.

Ann Kristin Fladset, COO and primary insider of the Company, has been granted
25,000 share options. Prior to this grant, Ann Kristin Fladset held 75,000 share
options and 15,030 shares in the Company

Torill Fladvad, COO and primary insider of the Company, has been granted 75,000
share options. Prior to this grant, Torill Fladvad did not hold any share
options or shares in the Company.

Aina Røsseland, CSO and primary insider of the Company, has been granted 75,000
share options. Prior to this grant, Aina Røsseland did not hold any share
options or shares in the Company.

Each option will give the right to subscribe or purchase one share in the
Company at the exercise price, which is set at NOK 22.50.

The options shall vest over a period of three (3) years commencing on 1 January
2026 and may be exercised within six (6) months following the end of the vesting
period.

Share options that are not exercised within the exercise period will lapse and
be of no value to the option holder. The options are non-tradable and
conditional upon i.a. the option holder being employed with the Company and not
having resigned or being terminated for cause prior to the vesting date. 

The Company has the right, in its sole discretion, to settle any vested share
options by transferring existing shares, new shares or a mix of the two.
Further, the Company has the right to settle any of the economic interest in any
vested share option in cash.

The issuing of new shares in the future for the purpose of the options program
will depend on required corporate authorizations being in place at the time of
exercise of the options. 

The details of the transactions are described in the attached documents.

For further information, please contact: 

CEO Edvard Henden 
edvard@nordichalibut.no 
+47 911 41 165

or

CFO Are Strand
are.strand@nordichalibut.no
+47 915 39 232

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Oslo Rule
Book Part II.